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Feb 22, 2010

Gata Dispatches: Miles Franklin's Andy Schectman cites gold manipulation, February 22, 2010

Miles Franklin's Andy Schectman cites gold manipulation

3:10p ET Monday, February 12, 2010
Dear Friend of GATA and Gold:
Manipulation of the gold market figures heavily in an interview just given to Lara Crigger of Hard Assets Investor by Andrew Schectman of the Minnesota-based coin and bullion dealer Miles Franklin Ltd. (, a long-time GATA supporter. The interview is headlined "Andrew Schectman: Gold Driven by Manipulation, Supply Shortages," and you can find it at the Hard Assets Investor Internet site here:
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
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Mining Interactive:: MAWSON RESOURCES LTD, February 22, 2010

Mawson acquires the Orrbäcken Nickel Project in Sweden which was the winning project of the Annual Swedish Mineral Hunt Competition
Subsequently Mawson entered into a Joint Venture Agreement for the project with Independence Group ( Igo ) (, a Nickel Mining and Exploration Company listed on the Australian Stock Exchange which will advance the project
  • Mawson continues to review global multi-commodity exploration opportunities such as Orrbäcken to add value to the Company s rapidly exploration portfolio, while in parallel pursuing its European uranium strategy
  • The Company will have the right to purchase up to 100% in the Orrbäcken Nickel Project (see detailed News Release noted below)
  • The Joint Venture Agreement with IGO provides IGO the right to earn a 70% interest in Mawson s interest in the Orrbäcken project (see detailed News Release noted below)
States Michael Hudson, Mawson President & CEO
"Mawson continues to review global multi-commodity exploration opportunities, while in parallel pursuing its European uranium strategy. In this case, Mawson has chosen to partner with Independence Group, a technically strong and nickel-focused mining company who will rapidly advance the Orrbäcken project."

Dear Friends:
Mawson continuous to bring first class and highly prolific exploration projects to the table and then prudently farming these projects out to strong, experienced and focused explorers, in order to advance the projects to the benefit of its shareholders.

In the meantime the Company is keeping its eye firmly on the ball and stays focussed on advancing its significant uranium resources in nuclear reliant Europe.
Stay Closely Tuned - - There is much more to come from Mawson!!!

Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"

MiningInteractive Videos
Click Here

Stay tuned for the most recent updates on Mawson Resources and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058

CNBC Credit Car Crackdown

NYT. Afternoon Update, February 22, 2010

Business Afternoon Update

Judge Accepts S.E.C.’s Deal With Bank of America
But in his ruling, the judge delivered harsh words for the S.E.C., saying that the settlement was “half-baked justice at best.”

Wal-Mart Is Said to Be Buying Vudu Movie Service
Wal-Mart’s purchase of the startup Vudu would represent a major move into selling movies over the Internet.

Icahn Seeks 4 Seats on Genzyme Board
Mr. Icahn’s move could raise the pressure on Genzyme to sell itself or to divest some of its businesses.

Iceland Asks U.S. to Help Ensure International Loans
Iceland wants the U.S. to help ensure that Britain and the Netherlands do not use a dispute over its collapsed banks to hold up international loans.

Wall Street Struggles to Extend Rally
Traders took in better-than-expected earnings from the home-improvement retailer Lowe’s, which said its fourth-quarter profit rose 27 percent.

More Business News

MarketWatch: Personal Finance Stories: February 22, 2010


Personal Finance Daily
FEBRUARY 22, 2010

Monday's Personal Finance stories

By MarketWatch

Don't miss these top stories:

More provisions of the new credit-card law go into effect today, but most of the news lately is about how card issuers are finding new ways to skirt those consumer protections. Is anyone surprised? The new law crimps some major sources of revenue for card companies; of course they're going to come up with new ways to make money.

And the new law isn't causing card issuers to hold back. Read Jennifer Waters' story today on how companies are ramping up their credit-card solicitations again. It's just like the good old days! Only, these offers come with vastly different terms, including higher interest rates and higher fees.

To my mind, most consumers have two tasks ahead of them: Assess whether your cards are fixed-rate or variable-rate, because variable-rate cards aren't protected in quite the same way under many of the new provisions. (See this Federal Reserve page for all the details and exclusions. )

The other task? Pay down that debt. No matter what consumer protections are in place, you are paying a steep price for the pleasure of letting that debt ride month to month. Of course, given the financial difficulties many people are facing, some may be turning to credit cards as a last resort that can't be avoided. But for the rest of us, new law or no, it's never a good idea to carry that kind of high-rate debt.

-- Andrea Coombes , Personal Finance editor

Credit card offers abound, but terms have changed

For the first time in three years, credit-card issuers are ramping up their mailbox solicitations, but don't expect to see your father's credit-card appeals. Variable interest rates, higher annual fees and a host of new charges will be hidden in the fine print of these offers.
See story on higher credit-card interest rates and new fees.

The new credit-card traps

A new federal credit-card law that takes effect Monday could erase billions of dollars a year in fees and interest charges paid by consumers. But card issuers are already deploying new tactics that could prove costly for even the most cautious cardholder.
See story on new credit-card traps.

New rules for credit cards

New laws regulating the disclosure of credit fees and rate increases took effect. Mary Pilon discusses the ways consumers and credit companies will be affected.
 Watch Video Report.

Build credit with gas card

Looking to establish or rebuild your credit? Consider charging some gas. Using private-label gas credit cards, which can only be used at gas stations, can help you establish a positive payment history.
See story on building credit with gas cards.


Toyota president to face congressional grilling

Toyota President Akio Toyoda goes before Congress this week to explain his company's handling of a rash of auto safety recalls.
See story on Toyota's president goes before Congress.

Toyota touted savings from limited 2007 recall

A U.S. congressional investigation into Toyota Motor Corp. has turned up documents revealing that the auto maker saved more than $100 million through negotiations with U.S. safety regulators that helped limit an equipment recall in 2007, according to news reports Monday.
See story on Toyota touting savings from limited recall.

2010 Nissan Altima

It does not seem possible that the Altima has been around for 17 years, yet it is long enough for Nissan to sell more than 3 million of them. It does, however, back up my experience that those who have owned an Altima like them and tend to come back for another.
See Car Review.


Obama attacks health-care costs in detailed plan

American families would get increased tax credits to make their health insurance more affordable and the federal government would get new power to oversee insurance rates under a wide-ranging health-care plan released Monday by the White House.
See Health Care.

A closer look at Obama's health-care plan

With a high-stakes bipartisan "summit" ahead, President Barack Obama unveils a detailed blueprint for overhauling the U.S. health-care system. Here is a look at how this election-year document would change that system in several key areas.
See Health Care.

Health-care shocker: Policy premium rises 69%

While lawmakers and President Barack Obama are lamenting premium hikes of up to 39% that Anthem Blue Cross of California plans to charge policy-holders, Lori Creasey says that's nothing. Try 69%.
See Health Care.


Which bank executives are turning down bonuses?

Lent began last week, and, in the spirit of the times, several bank CEOs are forgoing -- or accepting drastically reduced -- 2009 bonuses. See how your favorite bank chiefs did in 2009.
See story on bonuses.

Banks buy time, for a little while

More U.S. banks are restructuring troubled loans as commercial real-estate problems replace pressure from the residential housing bust.
See story on banks and commercial real estate.


The wrong kind of recruiters

The job crunch has created a new audience for some of the oldest job scams in the book, as MarketWatch's Adrienne Mitchell reports.
 Listen to Radio Report.

Avoid job-search scams

Looking for a job these days is already stressful enough. MarketWatch Personal Finance Editor Andrea Coombes explains how job seekers can steer clear of being burned by unscrupulous firms that advertise job opportunities.
 Watch Video: Personal Finance Minute.

Get yourself noticed

While working as a shoe and accessories designer, Shayna Kulik of New York worked with a series of freelance art directors who inspired her to launch her own design studio, Pixel Rumor.
See Careers.


A tough choice: You or your kids

Buying an annuity confronts families with a dilemma: Should a parent take smaller monthly payments so that their surviving spouse or children can get some sort of inheritance?
See story on annuities.


Don't give up on tech stocks just yet

Judging from the round of fourth-quarter 2009 earnings reports, this is a good time for leading technology companies. It just isn't a good time to be a tech-stock investor.
See Weekend Investor.

Supreme Court allows investor suit against Pimco

The Supreme Court on Monday cast off an appeal by Pacific Investment Management Co., allowing for a $600 million class action suit against the investment company to proceed.
See story on suit against Pimco.

Commentary: Paying a price for a fund's success

It's one thing to say you want to do the right thing, and something altogether different to actually do it. For years, investors and financial advisers have suggested that fund managers be paid only when they make money for shareholders. Yet when a fund company establishes a performance fee and puts its money where its mouth is, the idea gets shot down in the marketplace.
See Chuck Jaffe.

ETFs that bet against Treasurys profit on higher yields

Leveraged exchange-traded funds geared to profit from falling prices on long-term Treasury bonds have performed well in February from rising yields, as markets worry about U.S. spending, deficits and inflation.
See ETF Investing.

Bull market for bonds is ending

Bond investors enjoyed stellar gains for several years but that's about to end, says Kurt Brouwer, chairman of Brouwer & Janachowski and editor of MarketWatch's Fundmastery blog. He talks with Money & Investing Editor Jonathan Burton.
 Watch Video Report.

Bond bubble? What you can do about it

Are bonds in a bubble? And, if so, what can you do to protect yourself? This is a key question for millions of investors -- especially after the Federal Reserve's surprise move last week to raise one of its interest rates. That's often considered a signal the Fed is about to raise rates more broadly, a move that would be ominous for bonds.
See Brett Arends.

Home-builder rally looks overdone, analyst warns

Home-building stocks have burst out of the gate in 2010 and are outperforming the market by a wide margin on hopes housing is recovering, but Oppenheimer & Co.'s chief investment strategist warned investors not to jump on the bandwagon.
See full story.

The dangers of currency trading

Billions of dollars are wagered daily in the "carry trade," in which traders sell the currencies of countries with low interest rates like the U.S. and Japan while simultaneously buying the currency of countries with higher rates like Australia and Brazil.
See Jeff Opdyke.

What price fame?

Is a ton of analyst coverage a good or a bad thing for a stock's performance? Here are some of the ways it can affect your shares.
 Watch Video Report.


Keep rates at zero, Yellen says

Janet Yellen, the president of the San Francisco Federal Reserve Bank, argued strongly on Monday that the Federal Reserve should keep interest rates as close to zero as possible for the foreseeable future.
See The Fed.

Labor unrest spreads across Europe

Labor unrest spread across Europe on Monday as pilots for German airline Deutsche Lufthansa AG started a four-day strike and the union representing British Airways cabin crew prepared to announce the outcome of a strike ballot, while other countries such as Greece also braced for unrest.
See story on labor strikes in Europe.


U.S. reportedly tracks down Google hacking-code writer

U.S. analysts believe they have identified the Chinese author of the programming code that was allegedly used to hack Google Inc. and other Western Internet companies, according to a Financial Times report published over the weekend.
See story on tracking down Google hacker.

ZDNet: February 22, 2010

Featured TalkBack

I don't have a problem with social networks. What doesn't make me happy though is when social networks take an opt-out approach to privacy. Opt-out sucks for social networking -- and when it comes to anything privacy related, it should be illegal. What do you think? by Garett Rogers

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Firefox 3.6 suffers from unpatched "highly critical" vulnerability

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What are the top paying IT and Business job roles in your country?
Find out with the activeTechPros / activeBizPros salary benchmark wizard.

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Forbes .com : Intelligent Investing, February 22,2010

Intelligent Investing with Steve Forbes


Intelligent Investing
Wall Street's Animal Spirits
Economist Joseph Stiglitz talks to Paul Maidment about failures in corporate governance.
With Paul Maidment
Intelligent Investing
Banking On Boeing's Backlog
Boeing's stock has risen in the past year but it's still undervalued.
With Rick Whittington

Video: Intelligent Investing With Steve Forbes

Intelligent Investing With Steve Forbes
Stiglitz Lambasts Out Of Control Risk
Nobel Prize winning economist Joseph Stiglitz chronicles how risk-taking got out of hand.